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Schenn's Tools and Dies Corporation buys a stamping machine for $820,000. The machine has an estimated residual value of $140,000. Shenn's Tools and Dies Corp

Schenn's Tools and Dies Corporation buys a stamping machine for $820,000.

The machine has an estimated residual value of $140,000. Shenn's Tools and Dies Corp expects the machine to produce two million units. It makes 540,000 units during 2012.

13.value: 3.00 pointsRequired information Using the units-of-production method, Shenn's Tools and Dies Corp would report depreciation expense for 2012 of:

$400,000.

$540,000.

$183,600.

$221,400.

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